Armstrong Fleming & Moore Inc Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Armstrong Fleming & Moore Inc increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 965 shares of the Internet television network’s stock after buying an additional 25 shares during the period. Armstrong Fleming & Moore Inc’s holdings in Netflix were worth $470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new stake in Netflix during the 3rd quarter worth $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix in the 3rd quarter worth about $26,000. Carmel Capital Partners LLC increased its position in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new stake in shares of Netflix in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,573 shares of company stock valued at $89,548,241. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. TD Cowen boosted their target price on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Guggenheim lifted their price target on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Trading Up 0.2 %

Shares of NFLX stock traded up $1.07 during trading hours on Wednesday, reaching $551.71. 3,345,742 shares of the stock traded hands, compared to its average volume of 4,465,293. The business has a fifty day moving average price of $603.56 and a 200 day moving average price of $524.34. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The firm has a market capitalization of $237.73 billion, a PE ratio of 38.29, a PEG ratio of 1.37 and a beta of 1.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the firm posted $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 18.13 EPS for the current year.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.